On 22 January 2025, on BNR News Radio 📻
TRANSFERs CEO, Gerald Baal, was asked to explain entrepreneurs and export directors on how Donald Trump’s election to the presidency will affect international trade with the USA and proposes solutions to this situation.
The second part of the interview was a very fascinating business stories of entrepreneur Patrick de Nekker, from earth water
Trump’s Plans
Trump’s ideology of America first has been his most popular remark between his followers this election process. After his inauguration party, he proceeded to sign multiple executives orders about various topics of interest to the Republican Party. Multiple of those were regarding imports and exports protectionism laws, in order to protect the US market from foreign economies. The main countries that the Trump administration plans to inflict harsh tariffs and quotas on are: Mexico, Canada, China, and the European Union. These implications mean that the US is on its way to protect its markets by making it harder for its main exporters to get their exports into the country.
To start with, what are the announced plans of Trump’s current administration?
Secondly, in this article, you will be able to read about how to cope with the possible increase of US import tariffs.
We divided in three groups: European Union, Canada/Mexico and China.